The Children’s Place, Inc. (PLCE) today announced that, in conjunction with the release of its first quarter 2020 financial results, you are invited to listen to the Company’s conference call on Thursday, June 11, 2020, beginning at 8:00 a.m. Eastern Time. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise predominantly at value prices, primarily under the proprietary “The Children’s Place”, “Place”, “Baby Place,” and “Gymboree” brand names. As of February 1, 2020, the Company operated 924 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 266 international points of distribution open and operated by its eight franchise partners in 19 countries.

Children's Place Inc. said Monday that it sales for the first quarter fell 38% to $254 million, below the FactSet consensus of $303 million for the quarter. The children's apparel retail says digital demand surged 400% through May 16, and as of late April, the company has used 85% of its stores to fulfill orders. Children's Place is scheduled to announce first-quarter earnings on June 11. The company has $72 million in cash and equivalents, no long-term debt and $235 million outstanding on its $360 million revolving credit facility. The company will reopen stores across 10 states on Tuesday, including Idaho, Mississippi and both North and South Dakota. More than 40% of the company's stores are in states that have not been authorized for reopening. Stores that do reopen will take measures to prevent the spread of coronavirus including reduced store hours, partitions at checkout and temporary closures of restrooms, fitting rooms and water fountains. Children's Place stock was up 2.8% in Monday premarket trading, but has plunged nearly 71% over the last year. The S&P 500 index is up 0.2% for the past 12 months.

The Children’s Place, Inc. (PLCE), the largest pure-play children’s specialty apparel retailer in North America, today provided a business update and details on its phased store reopening plan. To help fulfill its surging online demand, the Company enabled its ship-from-store capabilities in approximately 85 percent of its U.S. stores in late April, which more than doubled its daily shipping capacity. As of May 2, 2020, the Company had approximately $72 million of cash and cash equivalents with no long-term debt, and $235 million outstanding on its $360 million revolving credit facility, which was increased from $325 million as a result of finalizing an amendment with its lenders on April 24, 2020.

As retailers continue to grapple with the impacts of coronavirus in an already struggling environment, another chain is reportedly preparing to close its doors for good. J.Crew’s filing for bankruptcy protection could come as soon as this weekend, according to The Wall Street Journal. The company suspended its initial public offering of its Madewell brand after it failed to reach a deal with creditors back in March.

The U.S. death toll from the coronavirus that causes COVID-19 rose above 4,000 on Wednesday and financial markets sold off again, after President Donald Trump warned Americans to brace for two painful weeks as the numbers continue to climb.

The Children’s Place Inc (PLCE) said its stores across the U.S. and Canada will remain closed as the retailer is implementing financial measures to help cope with the impact of the coronavirus outbreak.The children’s apparel retailer, which shut down all of its shops in the U.S. and Canada on March 18, said store sales were expected to account for 65% of first-quarter revenue this year with a significant portion coming from March and April sales. Digital sales continued to accelerate with quarter-to-date demand up double digits versus last year, the company said.In response to the coronavirus impact, the company said it will withdraw its capital return program, reduce capital spending, extend vendor payment terms, and evaluate options on its 600 store leases in the next 12 months. In addition, the retailer said it is expecting to receive $50 million from a revolving credit line.Overall Wall Street analysts have a Moderate Buy consensus rating on the company’s stock based on 2 Buys and 5 Holds. The $34.86 average price target forecasts a 78% potential upside in the shares in the coming 12 months. (See Children’s Place stock analysis on TipRanks)President and Chief Executive Officer Jane Elfers, will forgo 100% of her salary and senior executives will take a temporary 25% reduction in salary from April 1, the company announced. Independent board directors agreed to forgo their cash compensation.Related News: Battered Cruise Operator Carnival Seeks $6 Billion To Deal With Covid-19 Fallout Verint Systems Misses Profit Estimates, Sees Growing Cloud Demand Momentum Facebook’s User Engagement and Business Interaction Make It Unstoppable, Says Top Analyst More recent articles from Smarter Analyst: * KB Home Declares Second-Quarter Cash Dividend * Honeywell Secures $1.5 Billion Revolving Credit Line * Microsoft’s Bill Gates to Spend Billions of Dollars on Coronavirus Vaccine Development * 3 Biotech Stocks Under $2 With Massive Upside Potential

Children's Place Inc. said late Tuesday it will furlough field managers and store employees starting April 5 "until they can safely return to their positions" and will suspend dividend and share buybacks, among other measures to shore up its balance sheet amid the coronavirus pandemic. Stores have been closed since March 18 and will remain closed until further notice, the retailer said. The company said it plans on a combination of temporary furloughs and pay cuts for most of its corporate staff. It said it will provide health benefits to furloughed sales associates, without specifying a timeframe. Chief Executive Jane Elfers will forgo her salary and executives will take a temporary 25% pay cut, the company said. The Children's Place is also cutting or deferring expenses and capital expenditures, working with vendors to extend payment terms, and triggering a feature on its revolving credit facility to get an additional $50 million in liquidity, it said. It is also "evaluating its options" on about 600 store leases up over the next 12 months, it said. "The company believes these actions ... will support the company in navigating through this unprecedented level of uncertainty and disruption," it said in a statement. As of Feb. 1, the company operated 924 stores in the U.S. and Canada plus its online store and international points of distribution. Shares of Children's Place were flat in the extended session Tuesday after ending the regular trading day up 1.5%.

The Children’s Place, Inc. (PLCE), the largest pure-play children’s specialty apparel retailer in North America, today provided a business update related to the ongoing impact of the COVID-19 pandemic. The independent Directors of the Board have unanimously approved to forgo their cash compensation until further notice.

FEATURE Progressive CEO Tricia Griffith knows her business inside and out: she started as an entry-level insurance-claims rep there 32 years ago. “It was such a small company at the time that when I called my mom and said, ‘I’m going to Progressive,’ she said, ‘Oh, the soup company?’” Griffith, 55, tells Barron’s.

Benzinga Pro's Stocks To Watch For Tuesday * Vanguard S&P 500 ETF (VOO) \- A lesser-known way to play the broader S&P 500 index, this ETF normally trades about 5 million units per day. This compares to daily volume of about 115 million units for the very popular SPDR S&P ETF Trust (SPY). S&P 500 Futures were up about 24 points (or about 1%) to around 2,440 ahead of the open. Some important levels in the S&P 500 Futures to watch Tuesday: Monday's low at 2,360.25, the all-important 2,500 level which has served as a key resistance/support over the last four trading sessions and Friday's close at 2,664.75. * BioNTech (BNTX) \- Shares were up 64% following news the company will work with Pfizer (PFE) to collaborate and co-develop a potential coronavirus infection treatment. * The Children's Place (PLCE) \- The company reported better-than-expected Q4 EPS of $1.85 but said it will defer its FY20 guidance. The news Tuesday follows a 24% decline on Monday as broader concerns about the coronavirus and its ultimate impact on retail locations weighed sharply on retailers. * Medtronic (MDT) \- A manufacturer of one of the most important components in the infrastructure which makes up treating the coronavirus sickness, a medical device called a ventilator. Patients in critical condition are often put on ventilators as a means to create adequate lung function. One of the largest current concerns with the coronavirus infection isn't the virus itself, but the extreme burden treating critical patients puts on our healthcare systems. * NIO, Inc. (NIO) \- Will report Q4 results before the market open on Wednesday, Mar. 18, 2020.See more from Benzinga * Benzinga Pro's Top 5 Stocks To Watch For Mon., Mar. 16, 2020: SPY, AAL, ZM, LVS, FDX * Benzinga Pro's Top 5 Stocks To Watch For Tues., Feb. 25, 2020: NIO, TUP, PANW, MRNA, MNK * Benzinga Pro's Top 5 Stocks To Watch For Thurs., Feb. 13, 2020: FXI, TSLA, BABA, NIO, CAT(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The Children’s Place, Inc. (PLCE) today, we issued our fiscal fourth quarter and full year 2019 financial results. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise predominantly at value prices, primarily under the proprietary “The Children’s Place”, “Place”, “Baby Place,” and “Gymboree” brand names. As of February 1, 2020, the Company operated 924 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 266 international points of distribution open and operated by its eight franchise partners in 19 countries.

The Children’s Place, Inc. (PLCE) today announced that, in conjunction with the release of its fourth quarter and full year 2019 financial results, you are invited to listen to the Company’s conference call on Thursday, March 19, 2020, beginning at 8:00 a.m. Eastern Time. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary “The Children’s Place,” “Place” and “Baby Place” brand names. As of November 2, 2019, the Company operated 955 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 260 international points of distribution open and operated by its eight franchise partners in 19 countries.

The Children’s Place, Inc. (PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced that Gymboree will relaunch in February 2020. Gymboree will be available on www.Gymboree.com, and in shop-in-shop locations in over 200 Children’s Place stores across the U.S. and Canada. Gymboree’s launch includes eight collections in sizes 12M – 8.